Port Construction Managing Dir

Old National Bank•Minneapolis, MN

5d•$130,500 - $263,800•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Deep technical understanding of financial markets and portfolio theory
Strong quantitative skillset required to develop and maintain reliable and rigorous processes for managing portfolio risk while competing with benchmark returns across a broad spectrum of investor constraints
Exceptional skill in communicating investment decisions, rationale, and results to a variety of audiences, internal and external to the firm
Affinity toward coaching, mentoring, and developing talent within a team of investment analysts
A bachelor’s degree in business, finance, economics, mathematics, or other applicable field of study
10+ years of investment industry experience, including significant experience in an investment decision-making capacity with respect to institutional and/or high net worth portfolio management
A deep, demonstrable understanding of and experience with not only traditional assets (public equities, fixed income) but also alternative investments (i.e., private markets, real assets, hedge funds, etc.)

Nice To Haves

Experience with relevant analytical platforms/tools such as Bloomberg Terminal, Morningstar Direct, FactSet, and/or others
CFA designation, or other advanced designations such as CAIA, FRM, etc.
A graduate degree such as MBA, MSF, MMF, or other related fields

Responsibilities

Maintaining due diligence coverage on third-party managed products
Managing allocation models, where guidance across asset allocation, manager selection, and proprietary security selection becomes cohesive portfolio guidance for portfolio managers
Overseeing third-party platforms (including those related to alternative investments and equity UMAs)
Providing custom analytics and portfolio strategies for the largest and most complex client portfolios
Develop and maintain strategic asset allocation guidance across client risk and constraint profiles
Own the capital market assumption and SAA optimization process with input from CIO and senior research colleagues
Coordinate and manage implementation of tactical asset allocation guidance, with support and input from CIO and senior investment colleagues
Develop and communicate guidelines for prudent use of alternative investments as a part of a long-term investment strategy for suitable clients
Manage a range of allocation models toward strong, long-term, risk-adjusted returns
Oversee the manager selection and due diligence process to maintain a high standard of integrity and excellence across third party asset managers and ensure cohesion and diversification within client portfolios across both proprietary and third-party solutions utilized
Continuously monitor risk levels across allocation models, including benchmark-relative tracking error, factor exposures, concentrations, and drift.
Produce and present performance attribution on a regular basis to oversight committees and to colleagues and other internal stakeholders
Set and maintain rebalancing policy for centrally managed portfolios, coordinating with investment operations group to ensure efficient and effective trading toward updated investment guidance at large scale
Consistently document portfolio construction methodology, model changes, and investment decision-making
Ensure that the investment platform offers solutions for all clients, in terms of meeting fiduciary, suitability, and bank regulatory requirements
Provide support and education to client-facing portfolio managers to ensure that suitability guidelines are observed and enforced with regard to alternative investments and/or other applicable investment strategies
Collaborate with compliance, risk, and legal teams on maintaining proper policies and procedures, and in preparation for audits and/or regulatory exams
Communicate in a timely and thorough fashion (via internal meetings, email, intranet sites, etc.) allocation and model changes to client-facing portfolio managers, advisors, bankers, planners, etc., including the supporting rationale
Provide custom portfolio analytics support to client-facing portfolio managers and advisors for large and/or complex client and/or prospect allocations, including investment strategy proposals
Contribute to 1834 Research Institute publications on an ad-hoc basis and as directed by CIO
Hire, develop, and manage the portfolio construction team and its related functions (manager research, asset allocation) while fostering our client-first culture within everything the team does
Lead discussions within investment team meetings as a subject matter expert on a variety of topics
Coordinate with client portfolio management, trading, operations, IT, sales, and other functions to enhance the client experience and investment outcomes on an ongoing basis
Participate in efforts to grow our business through public speaking engagements, opportunities to demonstrate thought leadership, and attendance at a limited number of high-value client/prospect meetings